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of israel that israel has conducted a military action killing a senior hamas leader. an air strike in the gaza area killed the head of the hamas military. one of the things a number of traders heard about that earlier but one thing is an israeli military spokesman says this is the start of a broader operation. so that is one of the things. it seems to have the market a little bit on edge and has them bidding up oil at this hour. the one trader i talked to said between the tensions between israel and hamas if we'll see that spiking up obviously israel and syria over the last few weeks, that's better than israel and iran. back to you. >> that's true. bertha, thank you very much for that. congratulations if you are hold cisco shares coming into this session. they are experiencing a good bump on last night's results. we'll talk about what they are doing right and whether risks lie ahead next on the program and who would be affected the most if we go over the fiscal cliff? we'll get up close and personal with the cliff and as we head toward the break, another fiscal cliff fact. >> if la
in the week on what was happening in the gaza strip between israel and hamas and they felt that's the bigger dynamic in the week. others disagree. one thing's for sure, if you look at a longer chart, we have raised the gains of europe since september the 6th with the clear promise of the ec b that they would if required to have that unlimited buying of the bonds. still, of course, we work our way through disappointing corporate results. you don't know the german player and might know personal detergent or lock tight glue. they had organic growth announcement below what the market was opening for. you see that stock down 4%. after a good run. telecom lower around europe today. not paying the dividend. well, we thought they were going to spin off the fixed line business and maybe not happening and also some of the banks were lower in a general down day across europe today. there you go. the portuguese bank down 7%. carl, let me just leave you with one thought if i may as we discuss the fiscal cliff and working through what's happening in washington. deutsche banc with a note out today where it
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